Farm Progress

Trade wars fears keep markets on the defensive. (Video report)

March 23, 2018

1 Min Read

Grains futures bucked a tidal wave of red ink in financial markets Thursday but couldn’t withstand more pressure overnight. A little selling around 4 a.m. CST took futures below session lows, triggering a cascading move that took soybeans to double digit losses, with corn and wheat following along to the downside. China slapped retaliatory tariffs on U.S. imports, including wine and pork, with a long list of other products that could be affected. Stocks sold off around the world today and U.S. futures point to a lower open on Wall Street too.

Watch the latest Facebook video posting from Bryce Knorr, and be sure to like or follow the Farm Futures Facebook page.

Bryce Knorr first joined Farm Futures Magazine in 1987. In addition to analyzing and writing about the commodity markets, he is a former futures introducing broker and is a registered Commodity Trading Advisor. He conducts Farm Futures exclusive surveys on acreage, production and management issues and is one of the analysts regularly contracted by business wire services before major USDA crop reports. Besides the Morning Call on www.FarmFutures.com he writes weekly reviews for corn, soybeans, and wheat that include selling price targets, charts and seasonal trends. His other weekly reviews on basis, energy, fertilizer and financial markets and feature price forecasts for key crop inputs. A journalist with 38 years of experience, he received the Master Writers Award from the American Agricultural Editors Association.

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